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Old 03-11-2023, 10:27pm   #61
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I know you're an educated man. And probably you've done well financially. The point the members here are making is, it's not because the person is gay. We have an Administration that isn't looking for the best and most qualified person.We have big businesses that aren't looking for the most qualified person They are into diversity. Black/white/Asian Gays, a woman, or transgender. That's what is tanking our country and military. Not because they're Gay, we've had gays since the beginning of time. But we have people like Karine Jean-Pierre, if it wasn't for kamala Harris she would be by far the dumbest person in the White House. And Beatle Juice in Chicago. And you can go on and on. Not qualified people but a minority regardless if they're white or any other color. Silicon bank and other businesses and people in the Govt. have gone the diversity route to be P.C and it's not working as a whole.

I got to admit, one of the best summaries I’ve seen..
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Old 03-11-2023, 10:31pm   #62
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I know you're an educated man. And probably you've done well financially. The point the members here are making is, it's not because the person is gay. We have an Administration that isn't looking for the best and most qualified person.We have big businesses that aren't looking for the most qualified person They are into diversity. Black/white/Asian Gays, a woman, or transgender. That's what is tanking our country and military. Not because they're Gay, we've had gays since the beginning of time. But we have people like Karine Jean-Pierre, if it wasn't for kamala Harris she would be by far the dumbest person in the White House. And Beatle Juice in Chicago. And you can go on and on. Not qualified people but a minority regardless if they're white or any other color. Silicon bank and other businesses and people in the Govt. have gone the diversity route to be P.C and it's not working as a whole.
First, none of that is relevant to this bank failure. I suspect you already know that.

Second, it’s kind of sad when people get upset when businesses are trying to focus on including 75% of the population by somehow saying they aren’t the most qualified. Only a business idiot would intentionally exclude 75% of the talent pool.
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Old 03-11-2023, 10:46pm   #63
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Second, it’s kind of sad when people get upset when businesses are trying to focus on including 75% of the population by somehow saying they aren’t the most qualified. Only a business idiot would intentionally exclude 75% of the talent pool.



You mean like the multi-billionaire companies that have bowed down and have Black people in 99 percent of the commercials when they are only 13 percent of the population? How about the Asians and Hispanics which are a bigger percentage but not in every commercial? This country has compromised to be P.C along with the Military. They have sacrifice because they're weak.
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Old 03-11-2023, 10:53pm   #64
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You mean like the multi-billionaire companies that have bowed down and have Black people in 99 percent of the commercials when they are only 13 percent of the population? How about the Asians and Hispanics which are a bigger percentage but not in every commercial? This country has compromised to be P.C along with the Military. They have sacrifice because they're weak.
Nope. Those are your words.
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Old 03-11-2023, 10:57pm   #65
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I got to admit, one of the best summaries I’ve seen..



I still won't let you be on my friends list.
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Old 03-11-2023, 11:25pm   #66
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Old 03-11-2023, 11:31pm   #67
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Taking financial advice from Cramer is like taking financial advice from a Magic 8 Ball.
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Old 03-12-2023, 3:40am   #68
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First, none of that is relevant to this bank failure. I suspect you already know that.

Second, it’s kind of sad when people get upset when businesses are trying to focus on including 75% of the population by somehow saying they aren’t the most qualified. Only a business idiot would intentionally exclude 75% of the talent pool.
I'll try one time, and then go.

It is relevant in the fact that their C-Suite exhibited some of the worst decisions imaginable in their investment and risk strategies. They had ample chance in early 22 to cut their losses on the bonds incrementally and not cause the run they did when they took the big loss all at once. They had a full year to fix this risk, that has been fairly obvious for over a year to even us idiots. Rates go up, fixed returns go down. Stupid easy.

I worked for a company based in CA that had 3000 technical employees. As a senior manager, I was told that I always should hire the best qualified. So when a package went forward to HR (People Ops for the PC folks), I was almost always grilled on my choice if it did not fit into a protected class. I was asked to "look again", or, "are you sure there's nobody else as well qualified?" These questions were always asked by a non-technical person. Look, I need someone who is able to provide a detailed analysis on a flyback dc/dc converter in less than two days for a billion dollar spacecraft that is paid for by tax dollars. Excuse me if I don't give a flying **** what the hired person's sex, race, creed, religion, sexual preference, or anything else is. I want the absolute best I can find, and I regularly paid top dollar to get them.

Back to SVB. They could have survived this independent of the current inflation that crippled their long-term bond sale. They did not. If I was an investor/depositor whom stood to lose big money, I would subpoena all of their hiring records, including interviews and decision meetings to ensure they utilized a strategy that was always in my best interest.

Small addition...

The .gov buying the liability is no better than the student loan buyout.
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Old 03-12-2023, 6:26am   #69
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So much for diversity...
Diversity is a weakness
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Old 03-12-2023, 7:08am   #70
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Diversity is a weakness
It’s a giant skid mark on the skivvies of society.
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Old 03-12-2023, 7:21am   #71
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Diversity, affirmative action are signs of weak people..
When you hire someone, their experience, merit, should be the primary focus. What do they bring to the table.
SVB, like many other companies are Marketing/Virtue Signaling that they hire the handicapped, thats all.
So, if these people they hired are so qualified, lets see their qualifications as opposed to a company that had similar situation, yet succeeded. Then look at their people that didnt fail?
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Old 03-12-2023, 7:22am   #72
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Here is comes. Billionaire hedge fund guy Bill Ackman is going off his nut about a bank run on Monday morning.

This one tweet has had 2.7m views in 4 hours:

Last edited by Vette40th; 03-12-2023 at 7:23am. Reason: Twitter link not showing?
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Old 03-12-2023, 7:35am   #73
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It appears Mr Badger is arguing for argument sake.
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Old 03-12-2023, 8:07am   #74
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Seems legit.

Key points from link above:

December ‘21, $10B in interest rate swaps to hedge rising interest rate risk.

April ‘22, Chief Risk Officer stepped down(appointed Aug ‘16) from role, departed October ‘22

December ‘22, interest rate swaps are gone.

It’s probably criminal-level hubris, negligence, and stupidity.

But in a world where the biggest slices of the warfare pie are economic and political, a counter-intelligence investigation on this sounds like a good idea.
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Old 03-12-2023, 8:18am   #75
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Originally Posted by Vette40th View Post
Good video to go along with what women have been sold.
https://youtu.be/F67hfNH3inY
I've said this for many years. As a matter of fact I've said it here only not as well as this guy;

When women hit 40, they're either pissed off they're not running IBM or pissed off they're not a mother.
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Old 03-12-2023, 8:28am   #76
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I've said this for many years. As a matter of fact I've said it here only not as well as this guy;

When women hit 40, they're either pissed off they're not running IBM or pissed off they're not a mother.
At 40 their biggest failure is Motherhood, and deep down they know it.
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Old 03-12-2023, 8:35am   #77
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The bank needs change the spelling on the name tag......


Silly Con Bank.........

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Old 03-12-2023, 8:41am   #78
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Originally Posted by Vette40th View Post
Good video to go along with what women have been sold.
https://youtu.be/F67hfNH3inY
Quote:
Originally Posted by Giraffe (He/Him) View Post
I've said this for many years. As a matter of fact I've said it here only not as well as this guy;

When women hit 40, they're either pissed off they're not running IBM or pissed off they're not a mother.
Very true in many (most?) cases.

Look up: Munchausen syndrome.
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Old 03-12-2023, 8:55am   #79
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Originally Posted by Anjdog2003 View Post
You mean like the multi-billionaire companies that have bowed down and have Black people in 99 percent of the commercials when they are only 13 percent of the population? How about the Asians and Hispanics which are a bigger percentage but not in every commercial? This country has compromised to be P.C along with the Military. They have sacrifice because they're weak.
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Nope. Those are your words.
And no truer words have been spoken.
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Old 03-12-2023, 11:39am   #80
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It appears Mr Badger is arguing for argument sake.
Anjdog DESTROYED him. Total checkmate. Absolute devastation by FACTS.

Unwinnable.


RESPECT.
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